Can I retire at age 50 with 1,630,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$134,604$133,405$132,235$131,093$129,978$127,043
2 years$66,636$65,395$64,192$63,026$61,895$58,953
3 years$43,982$42,736$41,536$40,381$39,268$36,412
4 years$32,658$31,416$30,228$29,092$28,007$25,258
5 years$25,865$24,630$23,458$22,346$21,290$18,657
6 years$21,338$20,112$18,958$17,870$16,846$14,331
7 years$18,106$16,890$15,754$14,692$13,700$11,304
8 years$15,683$14,478$13,361$12,325$11,366$9,087
9 years$13,799$12,606$11,507$10,498$9,572$7,409
10 years$12,293$11,111$10,032$9,049$8,156$6,106
11 years$11,061$9,892$8,832$7,876$7,014$5,075
12 years$10,036$8,878$7,839$6,908$6,078$4,247
13 years$9,169$8,023$7,003$6,099$5,300$3,574
14 years$8,426$7,293$6,292$5,414$4,646$3,021
15 years$7,784$6,662$5,681$4,828$4,091$2,563
16 years$7,222$6,113$5,151$4,323$3,616$2,181
17 years$6,726$5,629$4,687$3,884$3,206$1,860
18 years$6,286$5,202$4,279$3,500$2,850$1,591
19 years$5,893$4,821$3,917$3,163$2,541$1,362
20 years$5,540$4,480$3,595$2,865$2,269$1,169
21 years$5,221$4,173$3,306$2,600$2,031$1,004
22 years$4,931$3,895$3,047$2,364$1,820$863
23 years$4,666$3,643$2,814$2,153$1,634$743
24 years$4,425$3,413$2,602$1,964$1,469$640
25 years$4,202$3,203$2,410$1,793$1,322$552
26 years$3,998$3,011$2,235$1,640$1,190$476
27 years$3,808$2,833$2,076$1,501$1,073$411
28 years$3,633$2,670$1,930$1,375$968$355
29 years$3,470$2,519$1,796$1,261$875$306
30 years$3,318$2,379$1,673$1,157$790$265
31 years$3,176$2,249$1,559$1,063$714$229
32 years$3,043$2,128$1,455$977$646$198
33 years$2,919$2,015$1,358$898$585$171
34 years$2,802$1,910$1,269$826$529$148
35 years$2,692$1,811$1,187$761$480$128
36 years$2,589$1,719$1,110$701$435$111
37 years$2,491$1,633$1,039$646$394$96
38 years$2,399$1,552$973$595$357$83
39 years$2,311$1,476$912$549$324$72
40 years$2,228$1,404$854$506$294$62
41 years$2,150$1,336$801$467$266$54
42 years$2,075$1,273$752$431$242$46
43 years$2,004$1,213$705$398$219$40
44 years$1,937$1,156$662$367$199$35
45 years$1,872$1,102$622$339$181$30
46 years$1,811$1,052$584$313$164$26
47 years$1,752$1,003$548$289$149$23
48 years$1,696$958$515$267$135$20
49 years$1,643$915$484$247$123$17
50 years$1,591$874$455$228$112$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,630,000, adding $5,126 every year, while hoping to spend $48,236 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 76/11/13 Blend
49$1,630,000$1,630,000$1,630,000$1,630,000
50$1,801,547$1,715,157$1,689,892$1,933,328
51$1,933,983$1,747,877$1,695,181$2,053,671
52$2,078,309$1,780,584$1,699,030$2,178,980
53$2,235,690$1,813,226$1,701,341$2,315,012
54$2,407,403$1,845,747$1,702,009$2,462,818
55$2,594,857$1,878,087$1,700,925$2,623,555
56$2,799,601$1,910,181$1,697,974$2,798,499
57$3,023,341$1,941,961$1,693,037$2,989,054
58$3,267,955$1,973,350$1,685,987$3,196,768
59$3,535,511$2,004,269$1,676,692$3,423,345
60$3,828,285$2,034,631$1,665,013$3,670,665
61$4,148,786$2,064,343$1,650,807$3,940,797
62$4,499,773$2,093,307$1,633,920$4,236,021
63$4,884,287$2,121,416$1,614,193$4,558,851
64$5,305,675$2,148,557$1,591,460$4,912,055
65$5,767,626$2,174,608$1,565,546$5,298,683
66$6,274,200$2,199,440$1,536,268$5,722,099
67$6,829,871$2,222,915$1,503,435$6,186,006
68$7,439,564$2,244,884$1,466,847$6,694,487
69$8,108,707$2,265,191$1,426,293$7,252,042
70$8,843,278$2,283,667$1,381,557$7,863,627
71$9,649,860$2,300,135$1,332,407$8,534,707
72$10,535,707$2,314,403$1,278,604$9,271,302
73$11,508,811$2,326,270$1,219,898$10,080,048
74$12,577,972$2,335,520$1,156,027$10,968,257
75$13,752,888$2,341,924$1,086,718$11,943,987
76$15,044,243$2,345,238$1,011,683$13,016,121
77$16,463,806$2,345,205$930,624$14,194,445
78$18,024,543$2,341,549$843,229$15,489,745
79$19,740,740$2,333,978$749,171$16,913,910
80$21,628,136$2,322,184$648,109$18,480,040
81$23,704,074$2,305,839$539,688$20,202,572
82$25,987,657$2,284,593$423,536$22,097,420
83$28,499,938$2,258,078$299,264$24,182,118
84$31,264,110$2,225,902$166,467$26,475,993
85$34,305,728$2,187,650$24,723$29,000,344
86$37,652,951$2,142,884$0$31,778,644
87$41,336,804$2,091,137$0$34,854,315
88$45,391,473$2,031,917$0$38,243,115
89$49,854,624$1,964,702$0$41,973,098
90$54,767,764$1,888,940$0$46,078,961
91$60,176,624$1,804,047$0$50,598,939
92$66,131,599$1,709,405$0$55,575,166
93$72,688,215$1,604,359$0$61,054,070
94$79,907,659$1,488,218$0$67,086,817
95$87,857,352$1,360,252$0$73,729,789
96$96,611,585$1,219,687$0$81,045,116
97$106,252,222$1,065,708$0$89,101,268
98$116,869,471$897,450$0$97,973,694
99$128,562,735$714,003$0$107,745,542
100$141,441,548$514,403$0$118,508,436